Tootfinder

Here Lies Hudson’s Bay Company, Murdered by Private Equity https://jacobin.com/2025/06/hudsons-bay-canada-private-equity/

Here Lies Hudson’s Bay Company, Murdered by Private Equity
Hudson’s Bay Company, Canada’s oldest retailer, didn’t die of natural causes — it was gutted by private equity. Stripped of assets and loaded with debt, it leaves behind job losses, endangered pensions, and a hollowed-out legacy reduced to branding rights.

Optimal Coordination of Flexible DERs in Local Energy and Flexibility Markets to Ensure Social Equity
Niloofar Pourghaderi, Milad Kabirifar, Payman Dehghanian
https://arxiv.org/abs/2506.02179

Optimal Coordination of Flexible DERs in Local Energy and Flexibility Markets to Ensure Social Equity
Local electricity markets offer a promising solution for integrating renewable energy sources and other distributed energy resources (DERs) into distribution networks. These markets enable the effective utilization of flexible resources by facilitating coordination among various agents. Beyond technical and economic considerations, addressing social equity within these local communities is critical and requires dedicated attention in market-clearing frameworks. This paper proposes a social equi…

Wall Street giants like Blackstone, KKR, and BlackRock are pouring hundreds of billions into AI data centers, creating concerns of "oversupply" and a bubble (Maureen Farrell/New York Times)
https://www.nytimes.com/2025/06/02/business/ai-da…

Are A.I. Data Centers a Sure Thing or the Next Real Estate Bubble?
Private equity firms like Blackstone are using their clients’ money to buy and build data centers to fuel the artificial intelligence boom.

A former leader of the Education Department’s Office for Civil Rights during the Obama and Biden administrations
called the Trump administration’s targeting of undefined diversity, equity and inclusion legally spurious
and urged colleges and universities to stand up for their values.
At a panel last week at the annual Education Writers Association conference here,
Catherine Lhamon said it’s “enormously frustrating to me to see the federal government use its voice to sa…

Biden Civil Rights Chief: Trump Anti-DEI Orders Aren’t Law
Catherine Lhamon joined the American Council on Education’s president and a student in criticizing the current federal administration’s targeting of universities over diversity, equity and inclusion.

Petty Assifer Hegseth orders #HarveyMilk name to be removed from US Naval vessel
https://apnews.com/article/harvey-milk-navy-ship-rename…

Pete Hegseth orders Harvey Milk's name scrubbed from US Navy ship
U.S. officials say Defense Secretary Pete Hegseth has ordered the Navy to rename the USNS Harvey Milk in a highly rare move. The ship was named after the slain gay rights activist who served as a sailor during the Korean War. The officials say Navy Secretary John Phelan put together a small team to rename the replenishment oiler, and that a new name is expected this month. It marks the latest move by Hegseth to purge diversity, equity and inclusion references, and it comes during Pride Month. T…

This https://arxiv.org/abs/2505.16946 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_csCY_…

NY Real Estate Racial Equity Analysis via Applied Machine Learning
This study analyzes tract-level real estate ownership patterns in New York State (NYS) and New York City (NYC) to uncover racial disparities. We use an advanced race/ethnicity imputation model (LSTM+Geo with XGBoost filtering, validated at 89.2% accuracy) to compare the predicted racial composition of property owners to the resident population from census data. We examine both a Full Model (statewide) and a Name-Only LSTM Model (NYC) to assess how incorporating geospatial context affects our pr…

WikiGap: Promoting Epistemic Equity by Surfacing Knowledge Gaps Between English Wikipedia and other Language Editions
Zining Wang, Yuxuan Zhang, Dongwook Yoon, Nicholas Vincent, Farhan Samir, Vered Shwartz
https://arxiv.org/abs/2505.24195

WikiGap: Promoting Epistemic Equity by Surfacing Knowledge Gaps Between English Wikipedia and other Language Editions
With more than 11 times as many pageviews as the next, English Wikipedia dominates global knowledge access relative to other language editions. Readers are prone to assuming English Wikipedia as a superset of all language editions, leading many to prefer it even when their primary language is not English. Other language editions, however, comprise complementary facts rooted in their respective cultures and media environments, which are marginalized in English Wikipedia. While Wikipedia's user i…

AI-Augmented OTDR Fault Localization Framework for Resilient Rural Fiber Networks in the United States
Sabab Al Farabi (Department of Industrial Engineering, Lamar University, Beaumont, Texas, USA)
https://arxiv.org/abs/2506.03041

AI-Augmented OTDR Fault Localization Framework for Resilient Rural Fiber Networks in the United States
This research presents a novel framework that combines traditional Optical Time-Domain Reflectometer (OTDR) signal analysis with machine learning to localize and classify fiber optic faults in rural broadband infrastructures. The proposed system addresses a critical need in the expansion of middle-mile and last-mile networks, particularly in regions targeted by the U.S. Broadband Equity, Access, and Deployment (BEAD) Program. By enhancing fault diagnosis through a predictive, AI-based model, th…

Trump tariffs cut off recovery in private equity dealmaking (Financial Times)
https://www.ft.com/content/c4681db5-b939-4d4a-84d6-6b8f9405281a
http://www.memeorandum.com/250602/p4#a250602p4

Thoma Bravo raised $34.4B across three funds, including $24.3B for its main software company buyout fund and $8.1B for its midsize software-focused fund (Miriam Gottfried/Wall Street Journal)
https://www.

Vista Equity Partners agrees to acquire ERP software provider Acumatica from PE firm EQT, sources say in a deal that values Acumatica at ~$2B including debt (Bloomberg)
https://www.bloomberg.com/news/articles/2025-0…

Buyout Firm Vista to Acquire EQT’s Acumatica in $2 Billion Deal
Vista Equity Partners agreed to acquire Acumatica Inc., a software company that helps businesses streamline workflows.

Nexstar has deleted references to DEI and data on its workforce composition from its site; it is interested in acquisitions that are subject to FCC approval (Matthew Keys/The Desk)
https://thedesk.net/2025/05/nexstar-ends-dei-programs-policies/

Scoop: Nexstar pulls back on DEI programs amid FCC lobbying efforts
The broadcaster removed references to its diversity, equity and inclusiveness programs from its website and social media profiles.

After the #COS statement on #OpenScience as a reaction to the US crap I'm surprised that they still have a Diversity Equity and Inclusion page up on their website.
Can't say I'm surprised but I'm still disappointed I suppose..

This is why people are sending donations to Luigi's defense lawyers...
https://www.theguardian.com/us-news/ng-interactive/2025/may/27/exactech-tpg-medical-devices-bankruptcy

London-based Dojo, a payments tech provider to over 140K businesses, raised $190M from Vitruvian Partners in its first equity raise since launching in 2021 (Vishal Singh/Silicon Canals)
https://siliconcanals.com/dojo-secures-investment-of-e168-6m/

UK’s payments tech provider Dojo secures investment of €168.6M
Dojo is a payments technology provider that aims to expand its presence in the payments sector with a focus on supporting in-person commerce.

Cryptocurrencies in the Balance Sheet: Insights from (Micro)Strategy -- Bitcoin Interactions
Sabrina Aufiero, Antonio Briola, Tesfaye Salarin, Fabio Caccioli, Silvia Bartolucci, Tomaso Aste
https://arxiv.org/abs/2505.14655

Cryptocurrencies in the Balance Sheet: Insights from (Micro)Strategy -- Bitcoin Interactions
This paper investigates the evolving link between cryptocurrency and equity markets in the context of the recent wave of corporate Bitcoin (BTC) treasury strategies. We assemble a dataset of 39 publicly listed firms holding BTC, from their first acquisition through April 2025. Using daily logarithmic returns, we first document significant positive co-movements via Pearson correlations and single factor model regressions, discovering an average BTC beta of 0.62, and isolating 12 companies, inclu…

This https://arxiv.org/abs/2501.17490 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_qfi…

Pricing Carbon Allowance Options on Futures: Insights from High-Frequency Data
Leveraging a unique dataset of carbon futures option prices traded on the ICE market from December 2015 until December 2020, we present the results from an unprecedented calibration exercise. Within a multifactor stochastic volatility framework with jumps, we employ a three-dimensional pricing kernel compensating for equity and variance components' risk to derive an analytically tractable and numerically practical approach to pricing. To the best of our knowledge, we are the first to provide an…

This https://arxiv.org/abs/2502.00740 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_qfi…

Floating exercise boundaries for American options in time-inhomogeneous models
This paper examines a semi-analytical approach for pricing American options in time-inhomogeneous models characterized by negative interest rates (for equity/FX) or negative convenience yields (for commodities/cryptocurrencies). Under such conditions, exercise boundaries may exhibit a "floating" structure - dynamically appearing and disappearing. For example, a second exercise boundary could emerge within the computational domain and subsequently both could collapse, demanding specialized prici…

Rough Bergomi turns grey
Antoine Jacquier, Adriano Oliveri Orioles, Zan Zuric
https://arxiv.org/abs/2505.08623 https://arxiv.org/pdf/…

Rough Bergomi turns grey
We propose a tractable extension of the rough Bergomi model, replacing the fractional Brownian motion with a generalised grey Brownian motion, which we show to be reminiscent of models with stochastic volatility of volatility. This extension breaks away from the log-Normal assumption of rough Bergomi, thereby making it a viable suggestion for the Equity Holy Grail -- the joint SPX/VIX options calibration. For this new (class of) model(s), we provide semi-closed and asymptotic formulae for SPX a…